What is a Bank Reconciliation Statement?

Asked by Last Modified  

4 Answers

Follow 0
Answer

Please enter your answer

Finance Specialist

Bank Reconciliation Statement is a statement prepared to reconcile the balances of cash book maintained by the concern and pass book maintained by the bank at periodical intervals.
Comments

MBA(Finance)

BRS remove differences in cash book and pass book balance.
Comments

Home tutor as per your needs

BRS is prepared on a particular date to match the balances shown in the cash book and pass book. there may happen certain transactions of which either bank or the proprietor may not be aware and thus, causing mismatch between the balances of pass book and cash book.
Comments

BRS is a statement which is prepared for matching the difference between cash book and passbook.
Comments

View 2 more Answers

Related Questions

Can a CA (IPCC tuition) course be managed while doing a regular BCom?
Yes. You can do a B.Com and IPCC tution together. There's no problem in doing that. In fact, the syllabus offered by most B.Com colleges in India resembles the Chartered accountancy curriculum.
Khushbu
Which course is best in IT
I Perfer to go for Cloud Automation Tools. i.e Ansible, Terrafrom and etc. This is best booming technologies in IT market for next 5 years.
Noman
I had studied mba finance from a normal college so will I get job in worldwide if I learn german language
Yes, getting job will not be a problem, there are very few companies who will ask for branded names, you should keep applying. Remember to have command on soft skills, mannerism and communication skills,...
Mubarak
Can I do a B.Com after 12th PCB? Will I be able to understand the topics?
Yes Kratik you can do B.com after 12th. In gradually you will understand.
Kratika
0 0
9

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons


Valuation of stock
Stock valuation is a cumbersome process. A business can adopt numerous methods of valuation of stock viz , FIFO, LIFO, AVERAGE, WEIGHTED AVERAGE, etc Irrespective of the usage of various method of...

Solve Amalgamation Problem In 7 Steps
Step 1: Identify nature of Amalgamation: If the six conditions of amalgamation in nature of merger not satisfied then it is treated as amalgamation in nature of purchase. If the information provided in...

Computation of Salary income
Basic Salary (+) DA (+) Bonus (+) Taxable portion of allowances (+) Advance Salary (+) Fees (+) Commission (+) Taxable value of perquisities (+) Wages (+) Profit in lieu of salary (+) Taxable...

What is hedging and why is hedging important in trading and investment?
The literal meaning of hedge is protective compound wall built around the house/ the property. In trading & investment, Hedging is done to minimize the losses and protect the profit earned from fluctuation...

Recommended Articles

Quality education does not only help children to get a successful career and life, but it also hugely contributes to society. The formal education of every child starts from school. Although there are numerous schools, parents find it challenging to choose the right one that would fit their child. It is difficult for them...

Read full article >

E-learning is not just about delivering lessons online. It has a much broader scope that goes beyond manual paper or PowerPoint Presentations. To understand the reach of E-learning and how the whole process works in developing the Educational system, we will discuss a few points here. Let us find out how this new learning...

Read full article >

Appearing for exams could be stressful for students. Even though they might have prepared well, they could suffer from anxiety, tension etc. These are not good for their health and mind. However, following a few exam preparation tips can save them from all these and help them to score good marks. Let’s find out all...

Read full article >

Learning for every child starts from a very young age. While the formal methods include school curriculums and private lessons, the informal methods include dancing, music, drawing, and various fun-filling activities. Playing games and practising these types of activities helps the children get out of boredom and...

Read full article >

Looking for BCom Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you